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Data Strategy

Data Strategy

Companies regard data as a vital asset. Data is the oil which drives the cogs of a successful business. Developing a data strategy gives focus to data projects. It will improve the ways you acquire, store, manage, share and reuse data. It will ensure common standards are set, collaboration and re-use are understood and achieved across the organisation.

WB Data Focus will help your organisation develop a data strategy positioning data sources in a way to be used, shared and moved, smoothly and efficiently. Once a data strategy is in place it ensures data is managed and used as an asset. Each project will work on common goals, methods and technologies.

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All areas of business work more efficiently with a common plan or strategy in place.

Organisations are able to produce many ideas for data projects, but they may overlap with other systems and projects. Most systems use common data, so application data is held in one system but used in many applications. Without co-ordination this data overlapping wastes time and money.

A data strategy will consider if data-sharing is possible, can data be re-used, where are the economies of scale?

Commonly systems grow organically, this leads to varied naming and formatting across systems. A data strategy would address these inconsistencies.

Undocumented source data can lead to reports showing differing results, undermining the data story, a strategy would help resolve this issue.

 

  • Will a data strategy help us onboard new systesms more efficiently?
  • Our teams and business processes are growing quickly. Will a data strategy help to keep the business aligned?
  • We are in the process of removing some of our older systems, is now a good time to consider our strategy?
  • Our data is stored on premises and in the Cloud, does this matter?
  • Our data team are cleaning our data constantly, can their processes be included?
  • Our business is using so many spreadsheets to gather data, can we encompass these?

Firstly we identify the systems used and gain an understanding of how data is processed, stored and utilised. Is the data structured or unstructured, where is it located, where did it come from, who is using it and for what purpose?

Next, how is data stored? Is it easily accessible, is it on-premises or Cloud based? Methods of storage need to be established which eliminates users from making copies of data.

The Data Strategy will include how the data is actually packaged and prepared for sharing. Provisioning the data so it can be reused and shared across the organisation is necessary for modern systems.

WB Data Focus will review the processes undertaken with the data. Raw data has little value to a user. What happens to change and enhance the data to give it real meaning? We will address these activities. This will enable the business to re-use data easily and become less reliant on developers to produce data sets.

Finally, Data Governance is included in the strategy. Organisations need to develop methods and processes to manage data across their business. Here WB Data Focus will workshop: data accuracy, data quality, naming conventions, logic, security and consistency.

The deliverable, documentation detailing the results of the workshops and meetings. Advising on a strategy for continued improvement and to establish data as the valuable asset it is.

If you have data strategy question we'd love to help you. You can reach us on +44 (0)1189 616041, [email protected] or fill out the form below, and we'll be in touch shortly.

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